NYSE:LAZ

Lazard Reports First-Quarter 2024 Results

Retrieved on: 
Thursday, April 25, 2024
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On April 24, 2024, Lazard declared a quarterly dividend of $0.50 per share on its outstanding common stock.

Key Points: 
  • On April 24, 2024, Lazard declared a quarterly dividend of $0.50 per share on its outstanding common stock.
  • Beginning in the first quarter of 2024, Lazard has updated the names of certain non-U.S. GAAP ("non-GAAP") measures and metrics.
  • We believe that presenting our results on an adjusted basis, in addition to the U.S. GAAP results, is a meaningful and useful way to compare our operating results across periods.
  • ET on April 25, 2024, to discuss the company’s financial results for the first quarter of 2024.

Lazard Declares Quarterly Dividend of $0.50 Per Share

Retrieved on: 
Wednesday, April 24, 2024
Banking, Asset Management, Professional Services, Finance, LAZ

Lazard, Inc. (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on May 17, 2024, to stockholders of record on May 6, 2024.

Key Points: 

Lazard, Inc. (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on May 17, 2024, to stockholders of record on May 6, 2024.

Lazard and Elaia Partners Form Strategic Partnership, Including the Launch of Lazard Elaia Capital, a Technology Focused Private Equity Investment Platform

Retrieved on: 
Thursday, April 18, 2024
Professional Services, Business, Technology, Other Technology, Finance, Asset Management, Lazarus, Ecosystem, AMF, Partnership, LEC, Airline

This follows the announcement on December 2023 of exclusive negotiations between Lazard and Elaia Partners.

Key Points: 
  • This follows the announcement on December 2023 of exclusive negotiations between Lazard and Elaia Partners.
  • The partnership involves the creation of a new Paris-based asset management company, Lazard Elaia Capital (LEC), which will be 75%-owned by Lazard and 25%-owned by Elaia Partners.
  • It will be led by Xavier Lazarus, co-founder and Managing Partner of Elaia Partners, alongside a newly hired investment team.
  • As part of this strategic partnership, Lazard has acquired a minority stake in Elaia Partners.

Lazard to Announce First Quarter 2024 Financial Results

Retrieved on: 
Friday, April 12, 2024
Asset Management, Professional Services, Finance, News, EDT, LAZ

Lazard, Inc. (NYSE: LAZ) will announce its first quarter 2024 financial results in a press release to be issued Thursday morning, April 25, 2024.

Key Points: 
  • Lazard, Inc. (NYSE: LAZ) will announce its first quarter 2024 financial results in a press release to be issued Thursday morning, April 25, 2024.
  • The press release will be available in the News & Announcements section of Lazard’s website at www.lazard.com .
  • Lazard will host a conference call at 8:00 a.m. EDT on April 25, 2024, to discuss the company’s financial results for the first quarter 2024.
  • A replay of the conference call will be available by 10:00 a.m. EDT on April 25, 2024, through the Investor Relations section of Lazard’s website at www.lazard.com , or by dialing 1 800-753-9197 (toll-free within the U.S. and Canada) or +1 402-220-0689 (outside of the U.S. and Canada).

Lazard Reports March 2024 Assets Under Management

Retrieved on: 
Wednesday, April 10, 2024
Consulting, Asset Management, Professional Services, Finance, LAZ, AUM

Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of March 31, 2024 totaled approximately $250.4 billion.

Key Points: 
  • Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of March 31, 2024 totaled approximately $250.4 billion.
  • The month’s AUM included market appreciation of $5.3 billion, net outflows of $2.5 billion and foreign exchange depreciation of $0.4 billion.
  • Preliminary average AUM for the quarter ended March 31, 2024 was $247.0 billion.

Lazard Announces Results of Cash Tender Offer of Lazard Group LLC

Retrieved on: 
Wednesday, March 13, 2024
Banking, Professional Services, Finance, Accepted, Settlement date, Letter, LAZ, Tender offer, Tender, Debt-to-GDP ratio

Lazard, Inc. (NYSE: LAZ) announced today the expiration and final results of the previously announced cash tender offer (the “Tender Offer”) of its subsidiary Lazard Group LLC (“Lazard Group”) for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the “Notes”).

Key Points: 
  • Lazard, Inc. (NYSE: LAZ) announced today the expiration and final results of the previously announced cash tender offer (the “Tender Offer”) of its subsidiary Lazard Group LLC (“Lazard Group”) for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the “Notes”).
  • The terms and conditions of the Tender Offer were described by Lazard Group in an Offer to Purchase and related Letter of Transmittal and Notice of Guaranteed Delivery dated March 6, 2024.
  • Lazard Group retained Citigroup Global Markets Inc. and Lazard Frères & Co. LLC to serve as the dealer managers for the Tender Offer.
  • In those jurisdictions where the securities, blue sky or other laws require the Tender Offer to be made by a licensed broker or dealer, the Tender Offer was deemed to have been made on behalf of Lazard Group by the dealer managers for the Tender Offer or one or more registered brokers or dealers licensed under the laws of such jurisdictions.

Lazard Announces Closing of Senior Notes Offering by Lazard Group LLC

Retrieved on: 
Tuesday, March 12, 2024
Banking, Asset Management, Professional Services, Finance, Letter, LAZ, Security (finance), Tender offer, Note, Tender, Debt-to-GDP ratio

Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) has completed its previously announced offering (the “Offering”) of $400,000,000 aggregate principal amount of 6.000% Senior Notes due 2031 (the “Notes”).

Key Points: 
  • Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) has completed its previously announced offering (the “Offering”) of $400,000,000 aggregate principal amount of 6.000% Senior Notes due 2031 (the “Notes”).
  • The Notes were issued by Lazard Group and were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.
  • The Notes are senior unsecured obligations of Lazard Group.
  • In that regard, Lazard, Inc. previously announced the commencement of a cash tender offer (the “Tender Offer”) by Lazard Group for any and all of the 2025 Notes.

Lazard Reports February 2024 Assets Under Management

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Finance, LAZ, AUM

Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of February 29, 2024 totaled approximately $248.0 billion.

Key Points: 
  • Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of February 29, 2024 totaled approximately $248.0 billion.
  • The month’s AUM included market appreciation of $7.0 billion, net outflows of $2.0 billion and foreign exchange depreciation of $0.8 billion.

Lazard Announces Total Consideration for Lazard Group LLC’s Cash Tender Offer for Its 3.750% Senior Notes Due 2025

Retrieved on: 
Tuesday, March 12, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, Settlement date, Letter, Telephone, Tender offer, Note, Interest, Tender, Greenwich Street, Security (finance)

Per $1,000 principal amount of Notes validly tendered and not validly withdrawn pursuant to the Tender Offer.

Key Points: 
  • Per $1,000 principal amount of Notes validly tendered and not validly withdrawn pursuant to the Tender Offer.
  • Interest will cease to accrue on the Settlement Date for all Notes accepted for purchase in the Tender Offer, including any such Notes tendered through guaranteed delivery procedures.
  • The closing of the Tender Offer is subject to the satisfaction or waiver of certain conditions as set forth in the Offer to Purchase.
  • Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amount of their Notes to tender.

Lazard Announces Commencement of Senior Notes Offering and Concurrent Tender Offer by Lazard Group LLC

Retrieved on: 
Wednesday, March 6, 2024
Professional Services, Finance, Letter, Prospectus, Telephone, Greenwich Street, Sale, Debt-to-GDP ratio, Information, Tender offer, Broadridge Financial Solutions, Security (finance), LAZ, Tender, Offering

Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) is commencing an offering (the “Offering”) of one or more series of its senior notes (the “Notes”).

Key Points: 
  • Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) is commencing an offering (the “Offering”) of one or more series of its senior notes (the “Notes”).
  • The Notes would be senior unsecured obligations of Lazard Group.
  • Concurrently with the Offering, Lazard Group is commencing a cash tender offer (the “Tender Offer”) for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the “2025 Notes”).
  • Citigroup Global Markets Inc. and Lazard Frères & Co. LLC are acting as joint lead book-running managers and joint lead managers for the Offering.